S.22.2-53: 2022 Southern Budget Act (PASSED)

[fhtagn]

FY 2022 SOUTHERN BUDGET ACT

REVENUES

Total Revenues ($339.05 Billion)

Income Tax ($205.2 Billion)

Corporate Tax ($25.399 Billion)

Sin Taxes ($89.64 Billion)

- See Exhibit A for detailed breakdown. Exhibit A is hereby incorporated into this Budget by reference as if fully set out herein.

Luxury Food Tax ($571 Million)

Avocado Tax ($75 Million)

Lottery ($18.1 Billion)

Meramac Bonds ($65 Million)

EXPENDITURES

Total Expenditures ($270.498 Billion)

Expenditures by category:

Education ($7.096 Billion)

Welfare ($210.934 Billion)

Infrastructure ($32.32 Billion)

Defense ($500 Million)

Law Enforcement/ Security ($8 Billion)

General ($17.078 Billion)

Unfunded Liabilities ($74.865 Billion)

- See Exhibit B for detailed breakdown. Exhibit B is hereby incorporated into this Budget by reference as if fully set out herein.

INITAL BALANCE

Revenues ($339.05 Billion)

Expenditures Total Expenditures ($270.498 Billion)

Balance: ($68.552 Billion)

FUND TRANSFERS

To carry out the fund transfers required by law, $138 Billion shall be transferred from the Rainy Day Fund to the Pay Go Fund.

FUND BALANCES

General Fund balance ($0)


Pay Go Fund, before income transfer ($68.552 Billion)

Pay Go Fund, after income transfer ($206.552 Billion)

Pay Go Fund balance, after expenditure transfer ($3.552 Billion)


Rainy Day Fund, minimum required balance ($52.471 Billion)

Rainy Day Fund, before expenditure transfer ($190.884 Billion)

Rainy Day Fund balance, after expenditure transfer ($52.884 Billion)


Disaster Relief Trust Fund, balance ($15.01 Billion)


Infrastructure Trust Fund

- Road Account, before expenditures ($21.660 Billion)

- Road Account, balance ($10.660 Billion)

- Naval Account, before expenditures ($5.056 Billion)

- Naval Account, balance ($3.056 Billion)

- Internet Account, before expenditures ($32 Billion)

- Internet Account, balance ($25 Billion)

- Utilities Account, before expenditures ($45.22 Billion)

- Utilities Account, balance ($32.25 Billion)


Southern Education Trust Fund, before expenditures ($68.152 Billion)

Southern Education Trust Fund, balance ($61.056 Billion)


Healthcare Trust Fund, balance ($111 Million)


Food Security Trust Fund, before expenditures ($183 Million)

Food Security Trust Fund, balance ($108 Million)


Civil Defense Trust Fund, before expenditures ($45.001 Billion)

Civil Defense Trust Fund, balance ($44.501 Billion)


Policing Trust Fund, before expenditures ($13.767 Billion)

Policing Trust Fund, balance ($9.767 Billion)


Environmental Protection Trust Fund, before expenditures ($113 Million)

Environmental Protection Trust Fund, balance ($112 Million)


Outdoor Entertainment Trust Fund, before expenditures ($115 Million)

Outdoor Entertainment Trust Fund, balance ($100 Million)


Kansas Reconstruction Trust Fund, balance ($2.055 Billion)


Addiction Services Trust Fund, before expenditures ($112 Million)

Addiction Services Trust Fund, balance ($57 Million)


Public Monument Art Trust Fund, balance ($1.05 Billion)

Public Monument Art Trust Fund, balance ($948 Million)


Crisis Pregnancy Trust Fund, before expenditures ($150 Million)

Crisis Pregnancy Trust Fund, balance ($75 Million)


- See Exhibit C for detailed breakdown. Exhibit C is hereby incorporated into this Budget by reference as if fully set out herein.

ENACTMENT

This act shall take effect immediately.

Sponsor: Governor LT

[fhtagn]

Exhibit A: Sin Tax Revenue

A. Fuel Taxes

- Gasoline ($21 Billion )

- Electric Vehicles ($660 Million )

- Oil and gas drilled on Regional land ($6 Billion )

- Solar and wind electrical generation on Regional land ($1.25 Billion )


B. Financial Gains

- Annuity and long-term payment buyers ($281 Million )

- Bank and financial institution income when Regional usury laws are complied with ($4.032 Billion )

- Bank and financial institution income when Regional usury laws are not complied with ($0)

- Bank and financial institution uninsured liabilities ($3.323 Billion )

- Carried interest from financial investments ($4.615 Billion )

- Cryptocurrency mining ($2.422 Billion )

- Cryptocurrency gains ($385 Million )

- Found property ($139 Million )

- Fractional investment art share gains ($14 Million )

- Futures, forwards, options, swaps, and other financial derivative contracts ($6.346 Billion )

- Gambling Machines ($50 Million )

- Casino income ($6.32 Billion )

- Gambling Winnings ($1.31 Billion )

- Lottery Winnings ($6.403 Billion )

- Private College and University Endowment gains ($1.924 Billion )

- Short Position financial gains ($327 Million )


C. Drugs

- Beer, wine, liquor, and other spiritous alcohol ($12.336 Billion )

- Cigars, cigarettes, and other tobacco and nicotine-containing products ($2.953 Billion )

- Marijuana, cannabis, hashish, and other THC-containing products ($3.76 Billion )

- Cocaine and coca leaves and products containing such ($85.5 Million )

- Khat, cathiones, salvia, poppers, Jimson weed, diisopropltrypatime, and products containing such ($10 Million )

- Lysergic Acid Diethylamide, psilocybin mushrooms, ahuyasca, DMT and products containing such ($28.5 Million )

- Opiates ($842 Million )

- SSRIs, SNRIs, SMSs, SARIs, NRIs, TCAs, TeCAs, MAOIs, and other prescription antidepressant medication ($4 Million )

- Adderall and other amphetamines ($382 Million )

- Abortion drugs ($11 Million )

- Emergency Contraceptive drugs ($4 Million )


D. Sex, Lust, and Prideful Income

- Abortion procedures ($9 Million )

- Abortion clinic operations ($1 Million )

- Brothel operations ($21.1 Million )

- Prostitution income ($22.6 Million )

- Adult Entertainment income ($1.98 Billion )

- Pornography ($3.596 Billion )

- Sex Toys ($1.67 Billion )

- Dating or sex location services ($422 Million )

- Makeup and cosmetics ($1.911 Billion )

- Tattoos ($39 Million )

- No-Fault Divorces ($73 Million )

- Security cameras ($373 Million )


E. Other immoral Income

- Excessive attorney fees ($5.362 Billion )

- Social media company profits ($4.615 Billion )

- Data Broker profits ($9 Billion )

- Off-site billboard income ($7 Million )

- Third-Party Debt Collection income ($1.6 Billion )

- Excessive tax-exempt non-profit salaries ($420 Million )

- Excessive corporate officer salaries ($972 Million )

- Security alarm companies ($1.342 Billion )

[fhtagn]

Exhibit B: Expenditures

1. Education ($7.096 Billion)

A. HOPE Lottery Scholarships ($5.43 Billion)
B. STEM ($1.08 Billion)
C. Kobe Bryant Scholarships ($500 Million)
D. Teacher expenses grants ($76 Million)
E. Vocational Programs ($5 Million)
F. Student Athlete Expenses ($5 Million)


2. Welfare ($210.934 Billion)

A. Enhanced Child Tax Credit ($135 Billion)
B. Universal Income Tax Credit ($68 Billion)
C. Grocery Rebate $6.93 Billion)
D. Homeowners Tax Credit $750 Million)
E. Inmate Reentry Programs ($165 Million)
F. Holy Home Gardens Programs ($75 Million)
G. Stillbirth Tax Credit ($9 Million)
H. Prison Libraries Program ($5 Million)


3. Infrastructure ($32.32 Billion)

A. Road and Bridge construction ($11 Billion)
B. Naval infrastructure ($2 Billion)
C. Universal Access to Broadband Act ($7 Billion)
D. DamN it Act ($12.32 Billion )


4. Defense ($500 Million)

A. Southern Guard ($500 Million)


5. Law Enforcement/ Security ($8 Billion)

A. Law Enforcement Operations ($4 Billion)
B. Refund the Police Act ($4 Billion)


6. General ($17.078 Billion)

A. Government Operations $9.96 Billion)
B. Small Business $7 Billion)
C. GARRISON Act ($15 Million)
D. Buy Southern Ads  ($1 Million)
E. Southern Art Museum ($100 Million)
F. Capitol Art Gallery ($2 Million)


7. Unfunded Liabilities ($74.865 Billion)

A. Meramac Bonds ($650 Million by FY 2031)
B. Universal Access to Broadband Act ($25 Billion by FY 2026)
C. DamN it Act ($49.215 Billion by FY 2026)

[fhtagn]

Exhibit C: Trust Funds

Disaster Relief Trust Fund, before expenditures ($15.01 Billion)

A. Balance ($10 Billion)

B. Transfer ($5 Billion)

C. Donation ($10 Million)

Disaster Relief Trust Fund, balance ($15.01 Billion)


Infrastructure Trust Fund

- Road Account, before expenditures ($21.660 Billion)

A. Gas Tax ($21 Billion)

B. Electric Car Tax ($660 Million)

- Road Account, balance ($10.660 Billion)


- Naval Account, before expenditures ($5.056 Billion)

A. Balance($5 Billion)

B. Dredge Materials ($56 Million)

- Naval Account, balance ($3.056 Billion)


- Internet Account, before expenditures ($32 Billion)

A. Transfer ($25 Billion)

B. Broadband Appropriation ($7 Billion)

- Internet Account, balance ($25 Billion)


- Utilities Account, before expenditures ($45.22 Billion)

A. Transfer ($25 Billion)

B. Energy royalties ($7.25 Billion)

- Utilities Account, balance ($32.25 Billion)


Southern Education Trust Fund, before expenditures ($68.152 Billion)

A. Transfer ($50 Billion)

B. HOPE Lottery ($18.1 Billion)

C. Donations ($52 Million)

Southern Education Trust Fund, balance ($61.056 Billion)


Healthcare Trust Fund, before expenditures ($111 Million)

A. Transfer ($100 Million)

B. Donations ($11 Million)

Healthcare Trust Fund, balance ($111 Million)


Food Security Trust Fund, before expenditures ($183 Million)

A. Transfer ($100 Million)

B. Avocado Tax ($75 Million)

C. Donation ($8 Million)

Food Security Trust Fund, balance ($108 Million)


Civil Defense Trust Fund, before expenditures ($45.001 Billion)

A. Transfer ($44.5 Billion)

B. Regional Guard Appropriation ($500 Million)

C. Donations ($1 Million)

Civil Defense Trust Fund, balance ($44.501 Billion)


Policing Trust Fund, before expenditures ($13.767 Billion)

A. Transfer ($12 Billion)

B. Security Taxes ($1.715 Billion)

C. Equipment Sales ($37 Million)

D. Commemorative Coins ($12 Million)

E. Donations ($3 Million)

Policing Trust Fund, balance ($9.767 Billion)


Environmental Protection Trust Fund, before expenditures ($113 Million)

A. Transfer ($100 Million)

B. Commemorative Coins  ($1 Million)

C. Donations  ($12 Million)

Environmental Protection Trust Fund, balance ($112 Million)


Outdoor Entertainment Trust Fund, before expenditures ($116 Million)

A. Transfer ($100 Million)

B. GARRISON Appropriation ($15 Million)

C. Donations $1 Million)

Outdoor Entertainment Trust Fund, balance ($101 Million)


Kansas Reconstruction Trust Fund, before expenditures ($2.055 Billion)

A. Transfer ($2 Billion)

B. Donations ($55 Million)

Kansas Reconstruction Trust Fund, balance ($2.055 Billion)



Addiction Services Trust Fund, before expenditures ($112 Million)

A. Gambling Taxes ($55 Million)

B. Opioid Taxes ($50 Million)

C. Donations ($7 Million)

Addiction Services Trust Fund, balance ($57 Million)


Public Monument Art Trust Fund, before expenditures ($1.05 Billion)

A. Transfer ($1 Billion)

B. Donations Transfer ($50 Million)

Public Monument Art Trust Fund, balance ($948 Million)


Crisis Pregnancy Trust Fund, before expenditures ($150 Million)

A. Transfer ($100 Million)

B. Abortion Taxes ($21 Million)

C. Plan B Tax ($4 Million)

D. Donations Transfer ($25 Million)

Crisis Pregnancy Trust Fund, balance ($75 Million)

[Mr. Reactionary]

Balanced budget plus 3 appendicies. Feel free to ask questions.

[President Punxsutawney Phil]

Balanced budget plus 3 appendicies. Feel free to ask questions.

How does this differ from the previous budget?

[Mr. Reactionary]

Balanced budget plus 3 appendicies. Feel free to ask questions.

How does this differ from the previous budget?

Previous methodology took state revenue and state spending and included that on the souths regional balance sheet, which makes no sense and overstated our surplus as we were pocketing state surpluses.  We basically collected state revenues then immediately dispursed the revenue back to the states but kept the surplus. This new budget just factors in regional taxes and regional spending.

[Spark]

What is the avocado tax? And what do we have against those people?

[Mr. Reactionary]

What is the avocado tax? And what do we have against those people?

The surcharge tax on avocados was passed in the Promoting Holy Home Gardens Act to fund the tax credits for noncommercial gardens and seed banks created by the act. It is the same type of revenue as the luxury food surcharge tax we imposed to help fund your grocery rebate just only on avocados. We chose avocados since like 90% are not grown in the south.

[fhtagn]

What is the avocado tax? And what do we have against those people?

I'm not entirely sure what "those people" is supposed to imply...

[Spark]

What is the avocado tax? And what do we have against those people?

I'm not entirely sure what "those people" is supposed to imply...

The people who grow avocados.

[Mr. Reactionary]

What is the avocado tax? And what do we have against those people?

I'm not entirely sure what "those people" is supposed to imply...

Floridians. 100% of domestic avocados are grown in California, Hawaii, and Florida.

[President Punxsutawney Phil]

Balanced budget plus 3 appendicies. Feel free to ask questions.

How does this differ from the previous budget?

Previous methodology took state revenue and state spending and included that on the souths regional balance sheet, which makes no sense and overstated our surplus as we were pocketing state surpluses.  We basically collected state revenues then immediately dispursed the revenue back to the states but kept the surplus. This new budget just factors in regional taxes and regional spending.

A bit late to a reply here, but thanks for the thorough explanation.
How soon does this need to be passed?

[Mr. Reactionary]

Balanced budget plus 3 appendicies. Feel free to ask questions.

How does this differ from the previous budget?

Previous methodology took state revenue and state spending and included that on the souths regional balance sheet, which makes no sense and overstated our surplus as we were pocketing state surpluses.  We basically collected state revenues then immediately dispursed the revenue back to the states but kept the surplus. This new budget just factors in regional taxes and regional spending.

A bit late to a reply here, but thanks for the thorough explanation.
How soon does this need to be passed?

By July 1

[fhtagn]

Assuming there are no further objections or comments about the text of the bill itself, I move we proceed to a vote. 24 hours for objections.

[President Punxsutawney Phil]

No objection. I would have in fact filed for a final vote earlier if I had know the appetite for one existed.

[Mr. Reactionary]

Its cool. With the elections last week we wanted everyone to have two whole weeks to review the budget since it had 3 appendices.

[fhtagn]

A final vote on this bill is now open for 72 hours, or until 24 hours after this has enough votes to pass or fail, or until everybody votes, whichever occurs soonest.

[reagente]

aye

[UlmerFudd]

Aye

[fhtagn]

Aye

[fhtagn]

This has enough votes to pass. 24 hours to vote/change your vote, or until everyone has voted, whichever happens soonest

[RFayette]

Aye

[President Punxsutawney Phil]

Aye

[fhtagn]

The bill now passes and awaits gubernatorial action.

Aye: 5
Nay:0
Present: 0
Not voting: 0

FY 2022 SOUTHERN BUDGET ACT

REVENUES

Total Revenues ($339.05 Billion)

Income Tax ($205.2 Billion)

Corporate Tax ($25.399 Billion)

Sin Taxes ($89.64 Billion)

- See Exhibit A for detailed breakdown. Exhibit A is hereby incorporated into this Budget by reference as if fully set out herein.

Luxury Food Tax ($571 Million)

Avocado Tax ($75 Million)

Lottery ($18.1 Billion)

Meramac Bonds ($65 Million)

EXPENDITURES

Total Expenditures ($270.498 Billion)

Expenditures by category:

Education ($7.096 Billion)

Welfare ($210.934 Billion)

Infrastructure ($32.32 Billion)

Defense ($500 Million)

Law Enforcement/ Security ($8 Billion)

General ($17.078 Billion)

Unfunded Liabilities ($74.865 Billion)

- See Exhibit B for detailed breakdown. Exhibit B is hereby incorporated into this Budget by reference as if fully set out herein.

INITAL BALANCE

Revenues ($339.05 Billion)

Expenditures Total Expenditures ($270.498 Billion)

Balance: ($68.552 Billion)

FUND TRANSFERS

To carry out the fund transfers required by law, $138 Billion shall be transferred from the Rainy Day Fund to the Pay Go Fund.

FUND BALANCES

General Fund balance ($0)


Pay Go Fund, before income transfer ($68.552 Billion)

Pay Go Fund, after income transfer ($206.552 Billion)

Pay Go Fund balance, after expenditure transfer ($3.552 Billion)


Rainy Day Fund, minimum required balance ($52.471 Billion)

Rainy Day Fund, before expenditure transfer ($190.884 Billion)

Rainy Day Fund balance, after expenditure transfer ($52.884 Billion)


Disaster Relief Trust Fund, balance ($15.01 Billion)


Infrastructure Trust Fund

- Road Account, before expenditures ($21.660 Billion)

- Road Account, balance ($10.660 Billion)

- Naval Account, before expenditures ($5.056 Billion)

- Naval Account, balance ($3.056 Billion)

- Internet Account, before expenditures ($32 Billion)

- Internet Account, balance ($25 Billion)

- Utilities Account, before expenditures ($45.22 Billion)

- Utilities Account, balance ($32.25 Billion)


Southern Education Trust Fund, before expenditures ($68.152 Billion)

Southern Education Trust Fund, balance ($61.056 Billion)


Healthcare Trust Fund, balance ($111 Million)


Food Security Trust Fund, before expenditures ($183 Million)

Food Security Trust Fund, balance ($108 Million)


Civil Defense Trust Fund, before expenditures ($45.001 Billion)

Civil Defense Trust Fund, balance ($44.501 Billion)


Policing Trust Fund, before expenditures ($13.767 Billion)

Policing Trust Fund, balance ($9.767 Billion)


Environmental Protection Trust Fund, before expenditures ($113 Million)

Environmental Protection Trust Fund, balance ($112 Million)


Outdoor Entertainment Trust Fund, before expenditures ($115 Million)

Outdoor Entertainment Trust Fund, balance ($100 Million)


Kansas Reconstruction Trust Fund, balance ($2.055 Billion)


Addiction Services Trust Fund, before expenditures ($112 Million)

Addiction Services Trust Fund, balance ($57 Million)


Public Monument Art Trust Fund, balance ($1.05 Billion)

Public Monument Art Trust Fund, balance ($948 Million)


Crisis Pregnancy Trust Fund, before expenditures ($150 Million)

Crisis Pregnancy Trust Fund, balance ($75 Million)


- See Exhibit C for detailed breakdown. Exhibit C is hereby incorporated into this Budget by reference as if fully set out herein.

ENACTMENT

This act shall take effect immediately.